2024-05-15T09:58:19-04:00 2023-12-31 042917204 ANSTISS & CO PC 6 OMNI WAY STE 201 CHELMSFORD MA 018244187 990 2023-01-01 042950316 MERRIMACK VALLEY HOUSING PARTNERSHIP INC MERR 9784598490 PO BOX 1042 LOWELL MA 01853 FRANCEY SLATER TREASURER 9784598490 2024-05-09 true FRANCEY SLATER 999009999 false JAYNE A ANDREWS P00514653 9784522500 2024-05-09 2023 2023-04-26 12:10:37Z PAULETTE RENAULT-CARAGIANES PO BOX 1042 LOWELL MA 01853 747632 false X WWW.MVHP.ORG X 1986 MA TO PROMOTE RESPONSIBLE AND SUSTAINABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME EARNERS BY PRODUCING COMPREHENSIVE TRAINING AND COUNSELING, AS WELL AS PROMOTING THE USE OF SPECIAL MORTGAGE PRODUCTS AND DOWN PAYMENT ASSISTANCE PROGRAMS. 15 15 8 95 0 594272 522758 49716 114133 1750 38866 -14089 0 631649 675757 0 0 334255 358008 0 49690 128635 166959 462890 524967 168759 150790 1472655 1751432 11259 6181 1461396 1745251 X TO PROMOTE RESPONSIBLE AND SUSTAINABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME EARNERS BY PRODUCING COMPREHENSIVE TRAINING AND COUNSELING, AS WELL AS PROMOTING THE USE OF SPECIAL MORTGAGE PRODUCTS AND DOWN PAYMENT ASSISTANCE PROGRAMS. false false 332608 69133 THE PROJECT GENESIS HOME BUYER TRAINING SERIES IS PROVIDED IN ENGLISH, SPANISH, AND KHMER, REACHING >800 PARTICIPANTS EACH YEAR. MORE THAN 60% HAVE INCOMES OF 80% OR LESS OF THE AREA MEDIAN INCOME. NEARLY 8,000 HOUSEHOLDS HAVE PURCHASED THEIR FIRST HOME AFTER COMPLETING THE TRAINING. FOR TRAINING SERIES GRADUATES, MVHP PROVIDES 1:1 HOME BUYER COUNSELING FOR NO ADDITIONAL COST. THIS INCLUDES CREDIT BUILDING, SAVINGS PLANS, BUILDING THE TEAM (AGENT, LENDER, INSPECTOR), AND GUIDANCE ON ELIGIBILITY FOR PROGRAMS SUCH AS DOWN PAYMENT ASSISTANCE AND SECTION 8 TO HOMEOWNERSHIP. 332608 true true false false false false false false false true true false false true false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 11 0 true 8 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true false true true false false MA X X THE ORGANIZATION 9784598490 PO BOX 1042 LOWELL MA 01853 PAULETTE RENAULT-CARAGIANES PRESIDENT 2.00 X X 0 0 0 MERCY ANAMPIU VICE PRESIDE 1.00 X X 0 0 0 BETHANY WATSON CLERK 1.00 X X 0 0 0 FRANCEY SLATER TREASURER 2.00 X X 0 0 0 ZELMA LYONS-KHADAR DIRECTOR 1.00 X 0 0 0 MAYTE RAMOS DIRECTOR 1.00 X 0 0 0 KAREN BOLTON DIRECTOR 1.00 X 0 0 0 MICHAEL BREDA DIRECTOR 1.00 X 0 0 0 CARL W HOWELL DIRECTOR 1.00 X 0 0 0 ANN NGETH DIRECTOR 1.00 X 0 0 0 MARISOL NOBREGA DIRECTOR 1.00 X 0 0 0 SIBORIK ERIC PONN DIRECTOR 1.00 X 0 0 0 VLADIMIR SALDANA DIRECTOR 1.00 X 0 0 0 DIANE SILVA DIRECTOR 1.00 X 0 0 0 KRISTINA VANGOS DIRECTOR 1.00 X 0 0 0 GERMAINE VIGEANT-TRUDEL DIRECTOR 1.00 X 0 0 0 CATHY MERCADO EXECUTIVE DI 40.00 X 99140 0 26996 JOSEPH LUSSIER DIRECTOR 1.00 X 0 0 0 TIANA LAWRENCE DIRECTOR 1.00 X 0 0 0 CHRISTINE MCCALL DIRECTOR 1.00 X 0 0 0 MARIA CLARK MCDUFFIE DIRECTOR 1.00 X 0 0 0 99140 26996 false false false 234100 288658 522758 COURSE FEES 611600 69133 69133 FEE FOR SERVICES 45000 45000 114133 18911 18911 91830 71875 19955 19955 19955 675757 114133 38866 126136 88295 25227 12614 189227 132459 37845 18923 1200 840 240 120 17761 12433 3552 1776 23684 16579 4737 2368 27299 27299 6144 6144 27986 19590 5597 2799 5693 5693 17052 11934 3413 1705 29003 20302 5800 2901 25987 18191 5197 2599 1294 906 259 129 2463 1724 493 246 3052 3052 2850 2850 COPYING & PRINTING 4907 4417 245 245 EVENT EXPENSE 3176 3176 FOOD FOR MEETING/CLASSES 2962 1481 1481 MISCELLANEOUS 2829 2829 4262 628 3545 89 524967 332608 142669 49690 311507 525577 75000 36500 980 7897 7684 162578 129672 1386 32906 582733 675263 457632 509022 1472655 1751432 11259 6181 11259 6181 X 1375896 1742875 85500 2376 1461396 1745251 1472655 1751432 X 150790 59863 73202 X false true X true false X 443479 366988 311673 594272 522758 2239170 443479 366988 311673 594272 522758 2239170 421061 1818109 9372 8891 14791 18911 51965 2291135 627344 0.79350 0.91970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 457632 73202 21812 509022 569183 -90748 20803 457632 489063 25000 73837 18717 569183 413322 30000 63712 17971 489063 348144 10000 72734 17556 413322 1.00000 true false 162578 129672 32906 32906 BENEFICIAL INTEREST - AGENCY ENDOWMT 509022 509022 X 802678 59863 73202 133065 669613 6144 6144 675757 518823 518823 6144 6144 524967 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION, INCORPORATED UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS AS A TAX-EXEMPT ENTITY, HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER THE INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND IS CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION AS DEFINED BY SECTION 509(A) OF THE IRC. THEREFORE, IT IS GENERALLY EXEMPT FROM FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS PROVIDED FOR IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION IS REQUIRED BY ASC 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS ON INFORMATIONAL RETURNS THAT ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO REVIEW BY TAXING AUTHORITIES FOR PERIODS PRIOR TO 2020. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE. THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOR-PROFIT ENTITY. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN BENEFICIAL INTEREST IN AGENCY ENDOWMENT 73,202 FORM 990 - ORGANIZATION'S MISSION TO PROMOTE RESPONSIBLE AND SUSTAINABLE HOME OWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME EARNERS BY PRODUCING COMPREHENSIVE TRAINING AND COUNSELING, AS WELL AS PROMOTING THE USE OF SPECIAL MORTGAGE PRODUCTS AND DOWN PAYMENT ASSISTANCE PROGRAMS. FORM 990, PAGE 1, PART I, LINE 6 PROVIDE OFFICE SUPPORT. FORM 990, PAGE 6, PART VI, LINE 11B EXECUTIVE DIRECTOR AND BOARD REVIEW AND APPROVE THE 990 BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C BOARD MEMBERS AND EMPLOYEES MUST PROVIDE ANNUAL WRITTEN DISCLOSURE OF CONFLICTS OF INTEREST AND MUST IMMEDIATELY DISCLOSE AND ABSTAIN FROM ANY DECISION REGARDING SUCH CONFLICT OF INTERES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES THE EXECUTIVE DIRECTOR'S COMPENSATION DIRECTLY AND COMPENSATION OF OTHER EMPLOYEES INDIRECTLY THROUGH APPROVAL OF THE ANNUAL BUDGET. FORM 990, PAGE 6, PART VI, LINE 19 DISTRIBUTED WITH FUNDING PROPOSALS AND ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN BENEFICIAL INTEREST IN AGENCY ENDOWMENT 73,202